Form 990 for tax year 2023
Filed by SUPERIOR CALIFORNIA ECONOMIC DEVELOPMENT INC.
Totals
- Total revenue
- $1,507,275
- Total expenses
- $1,063,398
- Contributions and grants received
- $723,813
- Grants paid
- $150,000
- Program service revenue
- $766,309
- Investment income
- $17,153
- Other revenue
- $0
- Total assets, end of year
- $8,833,691
- Total liabilities, end of year
- $1,255,866
- Net assets or fund balances, end of year
- $7,577,825
- Program services expenses (Part IX)
- $1,013,640
- Management and general expenses
- $49,758
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,013,640
Program services were 95.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$549,813
-
1f · All other contributions, gifts and grants
$174,000
-
2a · Program service revenue: LOAN INTEREST
total $464,184 · unrelated business $0 · excluded $0
-
2b · Program service revenue: SBA 504 INCOME
total $258,216 · unrelated business $0 · excluded $0
-
2c · Program service revenue: REFUNDS & REIMBURSEMENTS
total $43,909 · unrelated business $0 · excluded $0
-
3 · Investment income
total $17,153 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $150,000 · program services $150,000
-
5 · Compensation of officers, directors and key employees
total $167,153 · program services $167,153 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $160,367 · program services $151,662 · management and general $8,705 · fundraising $0
-
9 · Other employee benefits
total $34,594 · program services $34,336 · management and general $258 · fundraising $0
-
10 · Payroll taxes
total $26,003 · program services $25,780 · management and general $223 · fundraising $0
-
11b · Fees: legal
total $14,259 · program services $14,256 · management and general $3 · fundraising $0
-
11c · Fees: accounting
total $91,338 · program services $91,135 · management and general $203 · fundraising $0
-
11g · Fees: other
total $109,081 · program services $108,979 · management and general $102 · fundraising $0
-
12 · Advertising and promotion
total $4,922 · program services $4,921 · management and general $1 · fundraising $0
-
13 · Office expenses
total $44,983 · program services $5,124 · management and general $39,859 · fundraising $0
-
14 · Information technology
total $34,567 · program services $34,483 · management and general $84 · fundraising $0
-
16 · Occupancy
total $58,543 · program services $58,374 · management and general $169 · fundraising $0
-
17 · Travel
total $22,182 · program services $22,100 · management and general $82 · fundraising $0
-
20 · Interest
total $12,667 · program services $12,667 · management and general $0 · fundraising $0
-
23 · Insurance
total $21,475 · program services $21,420 · management and general $55 · fundraising $0
-
24a · Other expenses: LOAN COSTS
total $3,502 · program services $3,500 · management and general $2 · fundraising $0
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $11,343 · program services $11,333 · management and general $10 · fundraising $0
-
24c · Other expenses: EQUIPMENT & REPAIRS
total $8,013 · program services $8,011 · management and general $2 · fundraising $0
-
24d · Other expenses: LOAN LOSS PROVISION
total $88,406 · program services $88,406 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,543,950 · end of year $1,611,410
-
4 · Accounts receivable
beginning of year $63,529 · end of year $55,787
-
7 · Other notes and loans receivable
beginning of year $6,855,693 · end of year $7,152,448
-
9 · Prepaid expenses and deferred charges
beginning of year $14,959 · end of year $14,046
-
17 · Accounts payable and accrued expenses
beginning of year $59,230 · end of year $61,412
-
23 · Secured mortgages and notes payable
beginning of year $1,266,687 · end of year $1,194,454
-
25 · Other liabilities
beginning of year $18,266 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,760,751 · end of year $3,078,612
-
28 · Net assets with donor restrictions
beginning of year $4,373,197 · end of year $4,499,213
Mission and programs · 2023
Mission
PROVIDE ASSISTANCE IN ECONOMIC DEVELOPMENT PLANNING, COORDINATION, & IMPLEMENTATION AND PROVIDE SMALL BUSINESS TRAINING, COUNSELING, & FINANCE ASSISTANCE WITH THE GOAL OF CREATING STABLE, LONG-TERM EMPLOYMENT OPPORTUNITIES IN THE PRIVATE SECTOR ECONOMY.
-
PROVIDE ASSISTANCE IN ECONOMIC DEVELOPMENT PLANNING, COORDINATION, & IMPLEMENTATION AND PROVIDE SMALL BUSINESS TRAINING, COUNSELING, & FINANCE ASSISTANCE WITH THE GOAL OF CREATING STABLE, LONG-TERM EMPLOYMENT OPPORTUNITIES IN THE PRIVATE SECTOR ECONOMY.
Expenses $1,013,640 · Grants $150,000 · Revenue $783,462
As filed on the 2023 return.
Listed in Part VII
-
Brandon CrissBRANDON CRISS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kelly CrosbyKELLY CROSBY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jessaca LugoJESSACA LUGO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Alex CousinsALEX COUSINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cassie OyarzunCASSIE OYARZUN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ric LeutwylerRIC LEUTWYLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy MorinAMY MORIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary RickertMARY RICKERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shane StarrSHANE STARR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve BadeSTEVE BADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim CavassoJIM CAVASSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tonya DowseTONYA DOWSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Forseth-DehaisJOSEPH FORSETH-DEHAIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristiana WrightKRISTIANA WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Megan JenkinsMEGAN JENKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan RichardsonRYAN RICHARDSON
EXECUTIVE DIRECTOR
- Total calculated
- $167,153
- From this org
- $151,384
- From related orgs
- $0
- Other
- $15,769
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,384
- Bonus
- $0
- Other
- $0
- Deferred
- $4,499
- Nontaxable benefits
- $11,270
- Filer's total
- $167,153
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Pt I Line 7
- NONFIXED COMPENSATION INCLUDES 10% OF THE CDC PROCESSING
- Pt I Line 7
- FEE WHEN AN SBA 504 LOAN FUNDS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413449349301226
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.